British pound slumps to 3-month low on ‘no-deal Brexit’ fears

Despite repeated parliamentary votes to rule out the prospect of the U.K. leaving the European Union without a deal in place to govern its relationship with the bloc, the revived threat of a “no-deal” Brexit put renewed pressure on the British pound Thursday.

Sterling changed hands at $1.2797 versus the U.S. dollar GBPUSD, -0.0078%  in recent trade, near its lowest since Feb. 18 and leaving the currency on track for a 1.6% weekly slide.

British Prime Minister Theresa May is expected to again attempt to push her Brexit plan through the House of Commons in early June. Versions of her plan have faced multiple rejections. Lawmakers have also rejected the prospect of a no-deal Brexit, but such a scenario still can’t be ruled out. Read More @


Fed’s Neel Kashkari says rate hikes ‘were not called for’ and that policy has been ‘too tight’

The FOMC hiked rates nine times starting in December 2015 as part of an effort to normalize policy following the extreme accommodations made during and after the financial crisis and Great Recession. Those hikes came even as inflation stayed well below the Fed’s goal.

“In my view, these rate increases were not called for by our symmetric framework,” Kashkari said during a speech in Santa Barbara, California.

The remarks came as part of a review the Fed is doing of its framework and the approach it has taken to jolting the economy back to life – Read More @

Trump Today: President unveils immigration plan as he says he ‘hopes’ there’s no Iran war

Under the plan, according to the Associated Press, the U.S. would award the same number of green cards as it does now. But more would go to high-achieving students, professionals and people with high-level and vocational degrees. Far fewer green cards would be given to people with relatives already in the country, the AP said. Read More@

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

  1. zovre lioptor 2 months ago

    Would love to always get updated outstanding web blog! .

  2. slot online daftar 2 weeks ago

    I like this blog very much, Its a real nice place to read and obtain information.

  3. As a Newbie, I am continuously searching online for articles that can be of assistance to me. Thank you

Leave a reply

Your email address will not be published. Required fields are marked *



We're not around right now. But you can send us an email and we'll get back to you, asap.


FINWAZE makes no representations or warranties, express or implied, in relation to this website ( or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?